FMG goes ex-dividend on Monday delivering a $2.11 fully franked gem to its loyal investors, that’s a yield of ~17% for the last 12-months! The markets not a believer in iron ore although interestingly Twiggy Forest is committed to a long term environmentally clean roadmap for FMG. We feel this miner has gone from overbought to almost cheap in a matter of 4/5-weeks. Hence MM continues to like the stock around / under $20, especially before Monday and we are considering if part of our BHP holding would sit better in FMG after the “Big Australian” goes ex-dividend tomorrow.
MM likes FMG ~$20 before Monday
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